Editorial

I want to hug a banker

By David Goodhart   157

Prospect magazine would like to apologise to our readers for failing to predict the economic crisis and for being far too deferential to Britain’s financial and political leaders who, it is now clear, are mainly greedy, myopic nincompoops. Actually, what we in the political, business and media classes should be apologising for is an unseemly and ubiquitous display of wisdom after the event. It almost makes one want to hug a banker. It certainly makes me sympathetic to accounts of the crisis that spread blame around more fairly. Consider this from Rudi Bogni (a Prospect board member) writing in Wilmott…

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